Macroeconomics

1. [PPI] National Bureau of Statistics: In July 2026, the national producer price index (PPI) for manufactured goods rose by 3.5% year-on-year and fell by 0.7% month-on-month. Producer purchase prices rose by 5.5% year-on-year and fell by 1.0% month-on-month. For the January–July period, producer prices for manufactured goods rose by 1.8% year-on-year, while producer purchase prices rose by 2.8%.

2. [CPI] National Bureau of Statistics: In July 2026, the national consumer price index (CPI) rose by 0.5% year-on-year; for the January–July period, the national CPI rose by 0.9% year-on-year. In July, the national CPI fell by 0.1% month-on-month.

3. [Import & Export] Customs data shows that in the first seven months of 2026, China's foreign trade in goods maintained a strong growth momentum, with the total value reaching 30.13 trillion RMB—a year-on-year increase of 17.3%. Of this total, exports amounted to 17.44 trillion RMB (up 14%) and imports to 12.69 trillion RMB (up 22%); the growth rate of imports continued to outpace that of exports.

4. [Excavators] According to the latest statistics from the China Construction Machinery Industry Association, 19,521 excavators of various types were sold in July 2026, a year-on-year increase of 13.9%. Domestic sales totaled 7,608 units (including 41 electric excavators), up 4.13% year-on-year, while exports reached 11,913 units (including 62 electric excavators), up 21.2%. Cumulative sales for the January–July period totaled 171,841 units, a year-on-year rise of 24.8%; domestic sales reached 86,633 units (up 18.8%), and exports totaled 85,208 units (up 31.7%).

5. [US Non-Farm Payrolls] Data shows that US non-farm payrolls fell by 23,000 in July, whereas the market had anticipated an increase of approximately 80,000. Employment figures for the preceding two months were also significantly revised downward: the gain for May was adjusted from 129,000 to 63,000, and the gain for June was adjusted from 57,000 to 20,000—representing a combined downward revision of 103,000 jobs over the two-month period.

Textile

1. [Cotton Lint] In accordance with the requirements of relevant national authorities and the pricing formula stipulated in the 2026 central cotton reserve sales announcement, the floor price for the sale of central cotton reserves during the fourth week (August 10–14) is set at 16,480 RMB/ton (basis: standard grade 3128B).

2. [Cotton Lint] China Cotton Reserve Management Co., Ltd. has scheduled the sale of 8,023.6830 tonnes of central cotton reserves—comprising 46 lots—via the National Cotton Exchange Market on August 10.3. [Vinyl cyanide] According to statistics, as of August 5, total domestic vinyl cyanide plant inventories stood at approximately 33,000 tonnes, a decrease of 3,300 tonnes from the previous week.

3. [Cotton Lint] During the period of August 3–7, a total of 40,100 tonnes of reserve cotton were offered for sale; the entire volume was sold, resulting in a 100% clearance rate. The average transaction price was 17,014 RMB/ton (equivalent to 17,663 RMB/ton for the "3128" grade), with an average price premium of 1,497 RMB/ton over the base price.

4. [Cotton Lint] The International Cotton Advisory Committee (ICAC) forecasts that global cotton production will decline by 2% to 25.8 million tonnes in the 2026/27 season, while consumption is expected to remain steady at approximately 25.5 million tonnes. As the gap between supply and demand continues to narrow, exporter inventories will become increasingly critical in meeting international demand.

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